Finance Breaking news Quontic Bank launches Bitcoin rewards checking account last financial news
Breaking-Finance.Com - Digital banking outfit Quontic has become the first FDIC-insured financial institution in the US to launch a Bitcoin rewards debit card.
Breaking-Finance.Com - Digital banking outfit Quontic has become the first FDIC-insured financial institution in the US to launch a Bitcoin rewards debit card. Quonitc is working with Bitcoin specialist NYDIG and FIS on Bitcoin Rewards Checking, which will see customers earn 1.5% in Bitcoin on eligible purchases.In addition, users get a mobile app, access to over 90,000 surcharge-free ATMs, and ApplePay, GooglePay, SamsungPay and Zelle peer-to-peer payments - with no monthly service fee.
.Steven Schnall, CEO, Quontic, says: "Bitcoin is gaining massive momentum both as a digital currency, an asset class, and as a store of wealth. This is of particular importance today given that the Federal government printed an additional $3T in money in 2020 in response to Covid-19 and the accompanying risk of inflation and dollar devaluation. "The debut of our Bitcoin Rewards Checking account is groundbreaking and will serve a substantial purpose."
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